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Pfizer, despite dollar and generics fight, still impresses

2015-04-28 20:51:37| Biotech - Topix.net

Cost-cutting and sales of new drugs helped Pfizer overcome a strong dollar and patent expirations to beat Wall Street projections for the first quarter, though it cut its outlook for the year, citing the unfavorable currency exchange rates. The world's second-biggest drugmaker on Tuesday said its 2015 profit forecast includes a negative impact of $3.3 billion from currency exchange, and another $3.5 billion from generic competition.

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Category:Biotechnology and Pharmaceuticals

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